Taronis Fuels Releases Second MagneGas Sustainability Study
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Arizona State University Validates MagneGas Emissions Have 70% Lower Carbon Footprint Vs Acetylene
PHOENIX, AZ, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today released a new sustainability study conducted by engineers from Arizona State University’s School of Sustainability. The report is titled, “Acetylene E MagneGas2 End-use and Safety Assessment, A Comparative end-use environmental impact and safety analysis of acetylene and Taronis’ MagneGas2.”
The study specifically focused on the safety and environmental impact of the emissions produced by acetylene compared to MagneGas, the Company’s proprietary, renewable metal cutting fuel product. In the study, Arizona State University’s engineering team calculated that acetylene produces 0.112 kilograms of carbon dioxide for every cubic foot of gas combusted. In comparison, MagneGas only generates 0.034 kilograms of carbon dioxide for each cubic foot combusted. This represents a 70% lower carbon footprint in favor of MagneGas. The full report can be viewed here:
Two of the members of the engineering team at Arizona State University’s School of Sustainability also volunteered to be interviewed after the release of the study. This video can be viewed on the Company’s website here:
“This represents a second significant validation point regarding the sustainability of MagneGas as an environmentally superior alternative to acetylene,” commented Scott Mahoney, CEO of Taronis Fuels. “In the fourth quarter of 2020, we released our first Arizona State University study, which validated that the manufacturing process of MagneGas has up to an 85% lower carbon footprint versus the acetylene process. When combined with this new data, which demonstrates that MagneGas itself has a further 70% lower carbon footprint, this means that the combined manufacturing and combustion of MagneGas is 95% less carbon intense than acetylene.”
“These validation studies should prove to be instrumental as we market MagneGas to federal and state government bodies with a clear sustainability mandate, and to the chief sustainability officers of leading business across the US. With the Biden administration’s strong emphasis on climate change, we feel this is an ideal time to be marketing the compelling sustainability benefits of MagneGas in the marketplace,” concluded Mr. Mahoney.
About Taronis Fuels, Inc.
Taronis Fuels, Inc. is a global producer of renewable and socially responsible fuel products. Our goal is to deliver environmentally sustainable, technology driven alternatives to traditional fossil fuel and carbon-based economy products. We believe our products offer a vastly cleaner solution to legacy acetylene and propane alternatives.
Taronis is also dedicated to providing fundamentally safer solutions to meet the industrial, commercial and residential needs of tomorrow’s global economy. Our products have been rigorously tested and independently validated by global gas authorities as vastly safer than acetylene, the most dangerous industrial gas in use today.
Lastly, we strive to deliver products that offer significant function superiority at a reduced cost to the end consumer. Through these efforts, we support 9 of the 17 United Nations Sustainable Development Goals. For more information, please visit our website at www.taronisfuels.com/
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
Investor Contacts: Michael KhorassaniIR@Taronisfuels.com
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